- XRP is holding above the $2.47 support, with strong bullish momentum.
- Long-term charts and rising volume indicate growing investor interest.
- ETF approval prospects and increasing retail use support further upside.
XRP is holding firm above the key $2.47 level, showing real strength. With price consolidating around $2.84, there’s a growing sense that bullish momentum is building. Traders are keeping a close eye, anticipating a potential breakout that could send XRP charging toward the $4.80 target.
Key Support Levels Hold Steady
The long-term XRP chart reveals a bullish structure, with XRP holding above the $2.47 level. This zone, previously a resistance, has flipped into a firm support area, marking a technical base for continued upward movement. As long as this level remains intact, the market may anticipate a 60–66% rally targeting $4.80.
A tweet from Javon Marks reinforces this outlook, noting that XRP’s price action remains constructive. Price pullbacks are viewed as consolidations rather than reversals, provided that $2.47 is not breached. With current prices hovering near $2.84, the chart suggests XRP is in a preparation phase for its next leg higher.
Volume spikes observed during past rallies further support the bullish scenario. The previous surge from sub-$1.00 levels to above $3.00 confirms buyer strength, particularly following breakout formations from long-term accumulation zones.
Technical Chart Patterns Indicate Further Upside.
Javon Marks highlights the ongoing strength of this technical setup. It outlines the repeated historical patterns of accumulation followed by rapid expansion phases, driven by a convergence of retail and institutional demand.
XRP is currently trading within a well-defined range, and the support from large holders is helping to keep the bullish case alive. What’s particularly interesting is that there are now 33,311 wallets holding over 1 million XRP — a strong sign of continued institutional and whale-level interest. With that kind of backing, a continued move to the upside definitely seems possible.
ETF Prospects and On-Chain Metrics Support Outlook
XRP may benefit from external catalysts, including the possibility of an ETF approval. According to Polymarket, the chances of a Ripple ETF approval stand at 87%. Nate Geraci of NovaDius Wealth Management puts the likelihood closer to full certainty.
Meanwhile, XRPL’s network data shows 6.99 million wallets and 64.69 billion XRP in circulation. A wallet holding 1.69 billion XRP underscores wealth concentration, while the median and mode balances remain much lower, pointing to mass retail involvement.
Luxury retailer Marc Gebauer Lifestyle’s decision to accept XRP further signals increasing institutional acceptance, contributing to the token’s broader market legitimacy.
